FUNDINGUpdated 1 months ago

Women Enterprise Fund Kenya (WEF)

WEF Kenya: established 2007. Direct lending KES 50,000-500,000 for groups, up to KES 100,000 individuals. Intermediary lending via FIs. 8% pa reducing balance. Cumulative KSh 21.6bn to 120,624 self-help groups and 1.88M individuals. 93.3% recovery rate.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
Women Enterprise Fund
Location
Kenya, Kenya
Status
Open
Application Deadline
Rolling
Type
Microfinance
Amount
KES 5,000 to 500,000
Size
small
Language
English
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Description

The Women Enterprise Fund (WEF) was established in 2007 under Legal Notice No. 147 to provide affordable loans to Kenyan women entrepreneurs. The fund operates through two channels: direct lending through constituency WEF committees (KES 50,000 to KES 500,000 for groups, up to KES 100,000 for individuals) and intermediary lending through partner financial institutions. Interest rate is 8% per annum on a reducing balance. Since inception, WEF has disbursed cumulative loans of KSh 21.6 billion to 120,624 self-help groups and 1,882,252 individual women. WEF has the highest recovery rate among Kenyan affirmative funds at 93.3%.

Focus Sectors

Women Entrepreneurship, MSME